Evergreen funds tipped to reach US$1tn by 2029
Evergreen funds are set to experience growth of around 20 per cent a year, set to surpass $1 trillion by 2029. Analysis from private market firm Harbourvest, which has US$146 billion ($218 billion) in assets under management, found evergreen funds are a response to rising retail and wholesale demand. These types of funds offer greater liquidity and open-ended access to private equity which are more...
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